The Huffington Post received the following statement from Michael Kump, a litigator representing the Kardashians in the case, via email:

This complaint is an obvious attempt to create leverage by hedge fund operators who took over the Kardashians’ cosmetics brand. The Kardashians have suffered enormous damages as a result of the many failures and breaches created by the operator’s mismanagement of the company. The lawsuit is a disgrace. It is a jumble of false accusations which will be exposed as lies.

In court papers, Hillair Capital Management maintains that it "agreed to put up millions of dollars to help the Kardashians salvage their struggling" beauty line, and claims the sisters failed to actively promote their own brand, Gossip Cop noted. The sisters are also being accused of breach of contract, fraud and deceit and negligent misrepresentation, among other things.